There are many reasons to work as an engineering contractor, not the least the fact that a career in this field can be varied, rewarding and lucrative.
The Automotive arena is likely to see more changes in the next five years than we have in the last 60, providing great opportunities for those in or those interested in joining the industry.
The advent of connected, autonomous and alternative fuel vehicles, including the fast developing supply of electric cars, indicates the need for specialist expertise. The industry is already experiencing a skill shortage, which in turn is putting a huge strain on the supply chain.
By becoming a contractor or consultant, there’s one key potential drawback - the need to constantly keep track of finances and ensure you keep accounting records up-to-date. Bookkeeping and invoicing as well as tax deadlines and payroll obligations all take time.
New to contracting?
If you’re new to this way of working, the path to getting yourself up and running can be confusing. You might be unsure of the best way to manage your payroll, to ensure compliance with your client and HMRC.
Choosing the right payroll solution
With several options open to those working in the automotive industry, including multiple umbrella payroll options as well as forming and working under a limited company, or even working through an agency. We understand that this can be confusing and in some cases daunting to understand, choose and manage.
We have years of experience providing clients with payroll solutions in all parts of the automotive industry.
Like to talk it through? We’re on hand to discuss your options and see which is right for you.